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Germany’s financial watchdog reports employee for suspected Wirecard insider-trading

( January 28, 2021, 10:29 GMT | Official Statement) -- MLex Summary: Germany’s financial watchdog BaFin said today it has filed a criminal complaint against an employee for suspected insider-trading in collapsed payments firm Wirecard. “The employee had sold structured products with the underlying Wirecard AG on June 17, 2020,” BaFin said. The next day, Wirecard publicly announced that its auditor, Ernst & Young, had failed to validate 1.9 billion euros ($2.3 billion today) listed in its company accounts.Statement follows....

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